Vision Real Estate Management takes steps toward market trades

Vision Real Estate Management and Development Inc. of Albany, N.Y., which currently trades over the counter under the symbol VRMD, has hired a Securities and Exchange Commission auditor to complete the necessary audits and filings to be eligible to trade on the OTC Bulletin Board.

The company, which buys, rehabilitates, and resells foreclosed properties, has hired New York City-based Livingston Wachtell & Co. LLP to audit the financial statements of its wholly-owned companies, Vision One Management Group Inc., Capital District Property Investors Inc., and Future Capital LLC.

Vision Real Estate Management "believes a listing on the OTC Bulletin Board will facilitate a more orderly and transparent market for our company stock," said company president Donovan Rhoden, in a press release.

The company plans to make several major announcements shortly, including acquisitions, new board members, and new real estate deals. Vision Real Estate Management has also canceled 215,000,000 new shares, reducing outstanding shares to 48,821,000. The company anticipates applying for listing on the American Stock Exchange in the future.